Tag: Theranos

Theranos founder Elizabeth Holmes seeks to overturn fraud conviction | Reuters

Lawyers for Theranos founder Elizabeth Holmes and company President Ramesh “Sunny” Balwani on Tuesday urged a federal appeals court to overturn their convictions for defrauding investors in the failed blood testing startup, which was once valued at $9 billion. Amy Saharia, Holmes’ lawyer, told a three-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco that Holmes…

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The First Step Act Shortens Federal Prison Sentences, Including Elizabeth Holmes’ | Compliance and Enforcement

Breaking down the numbers, Ms. Holmes’ 135-months will be reduced by 20 months for Good Conduct time.  She could then receive 24 months off through the combination of First Step Act and RDAP credits, assuming she qualifies for RDAP.  Additional home confinement credits under the First Step Act, 20 months (595 days), and Second Chance Act, 6 months, will mean…

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Theranos Founder Elizabeth Holmes Is Expected to Enter Prison Tuesday – WSJ

Theranos founder Elizabeth Holmes is expected to report to prison on Tuesday to start her 11-year sentence for defrauding investors, marking a closing chapter in the downfall of one of Silicon Valley’s most prominent entrepreneurs after revelations about the company’s unreliable blood-testing technology. Source: Theranos Founder Elizabeth Holmes Is Expected to Enter Prison Tuesday – WSJ

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Former Theranos COO ‘Sunny’ Balwani surrenders to federal prison

Elizabeth Holmes’ co-defendant and former chief operating officer of collapsed Silicon Valley startup, Theranos, surrendered himself to federal prison on Friday. Ramesh “Sunny” Balwani, 57, was sentenced to 155 months behind bars for a dozen wire fraud and conspiracy convictions tied to his role in the once high-flying blood-testing venture founded by Holmes. Balwani began serving out his nearly 13-year…

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Elizabeth Holmes launches appeal of ‘unjust’ conviction in Theranos fraud case

Elizabeth Holmes, founder of the blood-testing lab Theranos, has filed an appeal of her January 2022 conviction on four counts of fraud in connection with her time as chief executive of the company. In a 132-page filing Monday, Holmes and her lawyers argue the federal prosecutor’s case against her “parroted the public narrative” that she knowingly and intentionally misrepresented to…

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